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disa [49]
2 years ago
13

A young person decides to put aside some money for retirement by putting $1,000 in a 30-year savings bond that pays 3.0% simple

interest per year. The interest compounds. How much money will the person have after 30 years?
Mathematics
1 answer:
Pavel [41]2 years ago
5 0

Answer:

2427.26 $

Step-by-step explanation:

Just use this formula when you have such type of problems:

N = N° (1 + %)^t

Where N = final amount

           N°= initial amount

           t = peroid of time

Now let's solve:

N = 1000(1 + 0.03)^30

N = 2427.26

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3 years ago
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Suppose that 35 people are divided in a random manner into two teams in such a way that one team contains 10 people and the othe
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Answer:

0.5798 or 57.98%

Step-by-step explanation:

The total number of ways to form the two teams is the combination of choosing 10 people out of 35 (₃₅C₁₀). The number of possibilities that A and B are both on the 10-people team is given by the combination of choosing 8 people (since two are fixed) out of 33 (₃₃C₈).The number of possibilities that A and B are both on the 25-people team is given by the combination of choosing 10 people out of 33 (₃₃C₈).

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P = \frac{_{33}C_8+_{33}C_{10}}{_{35}C_{10}} \\\\P=\frac{\frac{33!}{(33-8)!8!}+\frac{33!}{(33-10)!10!} }{\frac{35!}{(35-10)!10!}} \\\\P=\frac{69}{119} = 0.5798

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8 0
3 years ago
The sum 51 5/6 + (-37 1/12) is equal to what?
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Those two added together are equal to
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